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plunging into the level of debt and deficit spending that has been taking place here over the past several years. eventually we're going to reach that tipping point. when we reach that tip point, investors and consumer lose conference. and when that happens, interest rates right. and when interest rates rise, it impacts our economy in a very significantly negative way. all we have to do is look across the atlantic at europe and what's happening there to get a glimpse of the crisis that can come from not dealing with ever-increasing debt and not taking steps necessary over a period of time to put your country on a fiscal path to health. now, i think most of us know here that we have to make some tough choices and it's going to require political will in order for us to address this. we've been avoiding this for years. expoo we're going to face a debt-induced catastrophe if we don't address it and drean addrt soon. so when you're faced with this kind of fiscal mess, what do you do? well, what families and pise businesses all across america have had to do when they face these types of situatio
for two minutes. ms. castor: democrats and republicans agree that deficit reduction is important. in fact, over the past year and a half we have achieved over $2.7 trillion in debt reduction. now the republicans want to take us through a charade with this tea party budget. if enacted, the republican budget would weaken america's recovery. it would undermine what makes america great and what makes america strong. like education, the ability of students to attend college, medical research and inthe noah vation, the about of -- ability of our older neighbors to live their lives in dignity in their retirement years through medicare and long-term care. now we get a lot of advice and economists across the board, in fact, our own congressional budget office, advise that the best and fastest way to reduce the deficit to is to make sure people across america have jobs and are working. it is inexplicable that the republican budget proposes to eliminate jobs in construction, in education, scientific research, and instead heaps the burden on middle class families. experts predict the republican budge
and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin. mr. ryan: with that, mr. chairman, i yield three members to the gentleman from indiana, r. rokita. mr. rokita: i thank chairman ryan in bringing this budget to the floor. i rise in high support of it. i also am very proud, one of the highest honors i have had in my short time here to serve on this committee. not because of chairman ryan only, but because of the members. by members, i mean republican and democrat mem
and better jobs for the american people. after all the budgets that never balance and record deficits, job creation, we would be coming off the four best years in modmodern american history, because we had four $1 trillion deficits in a row. another that will, quote, only be $850 billion this year. that's yielded us less than 2% growth a year. we all know if we took the number of americans that have left the work force and recalculated unemployment rate, it wouldn't be 7.8%, it would be about 10.5%. the path that my friends on the other side recommend doesn't work. and the balance in both the r.s.c. budget and ryan budget are much more promising course. they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to gri
a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the weeks ahead? well, we will make the case for our priorities. whet
deficits with no end in sight doesn't lead to prosperity, doesn't lead to growth. it leads to financial ruin. i'm also the father of four great kids, two in college and two in high school. they know that as a family they have to plan ahead for the future. we need to create a budget and then live within our means. these are the same principles that my parents past down to me. -- passed down to me. these are the values that montana's families live by each and every day. those values are exemplified in montana's own state legislature. we're the only constitutionally -- where the only constitutionally required duletty is passing a budget. in -- duty is passing a budget. in fact, when they adjourn in a little over a montana, they will have given montana a balanced budget, just like they did last year and the year before and the year before that. it seems simple -- live within your means, spend no more than you take in, but it's not so easy here in washington. right now we are presented with two very different visions for our country, two visions that will lead to two very different outcomes
reduce unemployment to nearly five -- two near 5% and three years. it would reduce the deficit by $4.4 trillion over 10 years. and it would strengthen medicare and medicaid amah and you'd be asking the wealthy to pay their fair share. -- medicare and medicaid and you would be asking the wealthy to pay their fair share. guest: the institute of policy analysis estimated that you are spending money on infrastructure. we have a to point to dollar trillion infrastructure deficit, according to the transportation -- american society of civil engineers. building roads, highways, bridges, etc. you put people to work building schools and other necessary things. you give money to the states. the states have laid off 700,000 cops, firefighters, and teachers. you give money to states for couple years to rehire them. those kinds of things add up. by doing all this, you stimulate the economy. that means the private sector generates more jobs. it comes to about 7 million altogether. host: what do you consider fair share when it comes to wealthy taxpayers? guest: we propose two different things. numb
% in three years and the deficit by force of $4 trillion and strengthen medicare and medicaid and you'd be asking the wealthy to pay their fair share. how do you get 7 million new jobs in one year in your budget? money onu are spending infrastructure. we have a $2.20 trillion in infrastructure deficit according to the american society of civil engineers three allows people to work on roads, bridges, etc.. you put people to work building schools and other necessary things. you give money to the states. states have laid off 700,000 cops and firefighters and teachers. by doing all this, you stimulate the economy by putting aggregate demand. what do you consider fair share when it comes to wealthy taxpayers? >> we propose to different things. we propose to close tax loopholes. - indid the our budget close many we will of the corporate tax loopholes. he sablan the profits home by taxing it at 3% -- you say bring them profits home by testing it at 3%. we say no. money here and through accounting tricks make it appear as if it is in the cayman islands. we will tax it all. but he should get a
, and the senate thinks shouldsome revenue should be idea to tackle the deficit and invest in the middle class, not just simply cut tax rates for the rich. >> usually you can tax more and spend more and borrow more and that will somehow create growth and prosperity. i believe we have had four years of that experiment, which i fundamentally doubted and opposed from the beginning. and it hasn't worked. >> shepard: regardless of whether it's worked or hasn't, the insiders say the democratic budget will likely pass. mike emanuel is in washington. how has the vote been going and what's it like in there so far? reporter: we expect starting any moment they'll vote on a series of amendments between now and late night tonight. 25 to 40. summon hot-button issues including abortion, school choice, and bailouts. there are also arguments on budgetary matters. >> anyone wants to be taxed more than is necessary on either side of the aisle, but this enormous, enormous hubbub from the other side that says it's got a spending problem but refuses to look at the other side of the balance sheet, as a business guy,
. we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that is also because they ar
trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actually save your social security and medicare and medicaid in this big blue part. we are doing that today. house republicans in balancing the budget. but this is what you expect from the federal government. yo
about deficit reduction that it is a misplaced focus, that the real priority should be on job creation. but it seems that too many people in congress who just think the most important thing is to cut cut cut. so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back
resources, and almost overnight america's energy resource picture flipped from deficit to surplus. in the past five years we've become stronger as a nation through the developed of these god-given resources. as a result we are more competitive. from low income to the high tax brackets, everyone is benefiting. the future's bright but only if we educate the half truths and begin telling the real story of america's natural gas revolution. the stories about technology, private sector innovation, investment, financial risk, thousands of new jobs, new competition, new growth, a growing and better standard of living for more americans, lower energy costs, new industries, a revitalized energy sector, more jobs, more growth, energy security and optimism. this is the story of america's natural gas revolution. i yield back. the speaker pro tempore: the entleman's time has expired. for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, t
, immigration and guns and what to do about the deficit. >> don't forget two other prominent spokes people, the president and vice president. they care a lot about it and have been quiet of late. i expect to see a big push between of two of them before the vote. >> the lack of courage in the united states is asstountounast. >> it's amazing. >> no one is coming to take your gun. no one is coming to take your gun. >> it's amazing. it's amazing. when you look at the fact that we are talking about a simple thing like background checks. people are dying every day. a baby killed in -- >> in pennsylvania. >> in brunswick, georgia. we are arguing about background checks is almost ununbelievable. surreal. >> background checks have 90% of support among the american people last check. >>> senator bob casey of pennsylvania will join us on the set coming up and leigh gallagher and representative rick mulvaney will weigh in. our good friend michael hainey will have a preview of the "gq" magazine. bill karins, what is up? >> schoolhouse are cancelled around baltimore and washington, d.c. a lot of delays.
you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. >> wow. >>> moving on to washington now. president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. he is at odds with other members of his party including house speaker john boehner who is ruling out the prospect of any new taxes. >> i think, by the way, there is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform would be glad to look at tax reform tha
accrued in 2001. when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability doesn't appear anywhere on the national balance sheet. we did not account for the value of the 6,6057 lives lost in afghanistan. that's just the troops, not civilians or contractors. except for a small amount of life insurance money even though civilian government agencies estimate the value of life at $1.7 million. so epa would value each one o
without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. b
what's called video deficit when they watch the screen passively, they can't really assemble a coherent narrative about what's happening. the way our brains develop, we need some interaction, which a tablet actually supplies because you do something and you get a response for it. it's not a substitute for a loving care giver of some sort in your life, but at least it's responding. >> i do wonder, though, about attention spans. i have two kids, 6 and 10. i'm one of these brooklyn mommies that buys hand made wooden toys from germany andy courages the kids to read books. although when i need them to be quiet, i will hand them the kindle fire. and i do notice that they're a little more -- my son is a little more agitated after playing games on that. is there anything there to worry about really? >> let's start by saying your son's a boy. i'd say based on my experience -- and those who grew occupy without these devices is the same. it's true, all things in moderation, although as part of her expiration of the story, hannah kind of experimented on her own kid and let her youngest play as much
as the chicago public school system faces a reported billion dollar deficit. alderman willie cochran's ward, constituents have been calling all day. >> some cases we are happy, in some cases we are not so happy. >> reporter: on the plus side, the district says the savings will allow major investments in surviving schools including adding 70 libraries, science labs, even air conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. the decisions were based on low enrollment but others say race made a role. an outraged carrie austin, an alderman, told "the chicago tribune," quote, every time the whites go to screaming and hollering, they back off and steam roll over black and brown folks. not this time. and she's not the only one who believes that. you think it's the black communities that often are asked to sacrifice first? >> in this case, yes, i do. yes, i do. >> reporter: this is 70th street in the heart of the city's south side and this is the local elementary school. parents are proud of it. the sign up there
of growth we are spirits as a country collectively would be uplifted again. the best deficit-reduction program is a growing economy and strangely if you see the debate in washington today very little is about economic growth and a lot of it is about what my dad would say, eat your broccoli. it's about the austerity. it's about the toughest things that have to get done. don't get me wrong but they are much easier to get done in the context of high sustained growth where jobs are being created and are of purpose and value for people to be able to pursue their dreams. i have three suggestions i don't think our that partisan. they are not necessarily ideological that if we pause and say we will have the food fight on all the other stuff and there's good things to fight it out, trust me, the we could get to the point that we could have high year sustained growth one would be to create a patriotic policy based on american ingenuity and innovation and north american resources. second, reform the immigration system and move towards something that would be part of the high growth econ
the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exercise my duties and rights as ask the of congress to hard q
for tax revenue to help reduce the deficit. it calls for more spending. we are in the funny process where today, we will wrap up beforehand 50 hours of debate and start the unlimited amendment process. any issue that you have heard complaints about, we might see votes on today. droneld be stuff like strikes against u.s. citizens, it could be taxes and repealing healthcare. the point to remember, this is adding on to a budget resolution. it is interesting and it may give people clues as to what appetites there are in the senate to pass or repeal certain elements of policy. host: the headline says the senate is poised to pass a budget. do you expect it to pass? guest: we do expect it to pass. behink the democrats will able to control the process and get it to pass. they have a small window. you would need vice president biden to come down and break the tie. the significance is, this is the result -- there is a lot of pent up frustration on the republican side. that is why we might see a late night tonight and into the morning. once it is passed, i think a lot of people will feel better and
costs as the school system faces a reported $1 billion deficit. ward constituents have been calling all day. >> some cases we're happy, some not so happy. >> reporter: on the plus side, the savings will allow major investments in surviving schools including adding 70 libraries, science labs and even air-conditioning. for many it's not what's gained but what's lost and where. neighborhood schools in some of chicago's poorest communities. school officials say it was based on low enrollments, but others say race played a role. an alderman told the "chicago tribune," every time the whites get to scheming and hollering, they back off and steam roll. not this time. she's
-income americans to reduce the deficit. so now, finally, senate democrats feel that they can go ahead and echo that position. that's change. >> an narc the president is expected to release the white house budget in april. what kind of compromises, if any, can we expect to see there? >> i think he is going to kind of come up and say the same things that he has been saying. we will look at the changes he will make to the entitlement program. the republicans saying they will not raise tax and what the democrats might do on entitlement reforms if they can find any kind of common ground that would be possible there. >> bill schneider, anna palmer, stick around. we would like to come back to you later in the hour, if that's okay with you. >> sure. >> thanks. >>> could bill clinton be talking out of both sides of his mouth? the report that suggests escorting two candidates for the same office. we will talk about that. >>> first though, kristen cinema is here, very excited about being here. we just had a 15-minute conversation to make up. we can't talk about that. we can talk immigration, marriage equ
, nor sleet senator snow nor deficit. no word this morning, saturday mail delivery is back on. >>> and 911 shocker. >> can you tell can you tell me by tapping on the phone once that do not open the door. >> 911, where is your image? >> the frightening moments and amazing end. live on the cnn newsroom. >>> good morning, thank you for joining us. i'm carol costello. three people dead at the marine base in quantico. the base is in lockdown, law enforcement surrounded the building. >> the shooter, an active duty marine, was pronounced dead of an apparent self-inflicted gunshot wound by law enforcement at the scene. two other victims, a male and female, both active duty marines, were pronounced dead at the scene. the three marines involved in this incident, all permanent personnel assigned to officer candidate school. all of the candidates in the school are accounted for and safe. >> the base is used mostly for training and it's known as crossroads of the marine corps. we will have a live report at the bottom hour. >>> also following a truly horrifying story from georgia's southern
is it doesn't really look like a whole lot. surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday. >>> on tuesday night the sacramento city counsel will consider throwing up a last- second shot to keep the kings from leaving town. the city has struck a daily to build a new $448 million downtown arena, and it would be the largest redevelopment project in sacramento history with up to a million and a half square feet of offices housing shops and a hotel. the city would pay $258 million with most of the money coming from the sale of bonds supported by parking revenues. >> that's part of revitalizing our downtown. that's part of completing the rest of k
spending but leaves the government with $566 billion in annual deficits over the next ten years. the house plan balances the budget by 2023 with big cuts in domestic spending and major changes to medicare and the tax code. charlie rangel, new york's most famous congressman, is here with me. former chair of the house ways and means committee. start with the chasm between the two plans. is there room for compromise at all between the senate and house plan? >> the major difference is that, obama and most of the country that voted for him really thinks that a time of recession that we're coming out of it that we should be creating jobs and not laying off people just with cuts. that is the difference. the major difference between the senate and the house. republicans say no taxes, no money, no investment. well, that's absolutely ridiculous. in order to get people back to work and having disposable income, you've got to invest in education, the infrastructure, the bridges and the tunnels. there's no money in the republican, because they say that we're taking care of revenues. where the heck that
for this in more ways than one. you think about the deficit, the government doesn't have this kind of cash and people are concerned this isn't necessarily the best use of taxpayer money. in the video, you saw a second ago, people are dressed up as crew members on a starship enterprise, and the government employee version of characters claiming they will boldly go where no government employees have ever gone before. it is funny. but i watched the videos with my producer and we were trying to to figure out the training value and people have similar questions. >> i have been since corrected and am about to burst into a fit of giggles and i inappropriately said it is "gilligan's island," not whatever i said. what is the irs saying about this in. >> they came up with this statement saying it is -- i'm quoting now, no mistaking this video does not reflect the best stewardship of resources, and that video of this type will not be made today. so the irs does say training gener videos in general are cheaper. that would involve some travel. >> okay. zain asher, thank you. >>> honeymoons, they are th
to close the 54 schools in an effort to make a dent in a $1 billion budget deficit, make better use of resources and improve overall education here in the nation's third largest school district. >> i don't think it's going to be good for my kids. >> reporter: the news of the school closings continues to ripple across chicago this morning. >> i'm, just don't know where they're going to go. >> reporter: mayor rahm emmanuel says the closures are necessary after too much money was being spent on maintaining underutilized school buildings saying "by consolidating these schools, chicago public schools can focus on safely getting every child into a better performing school. like school systems in new york and philadelphia, where schools are being closed, chicago must make tough choices." a number of teachers may lose their jobs as a result of the closings. karen lewis. of the teachers' union lashed out at emmanuel. >> our mayor, who is away on a ski trip, drops this information right before spring break. it's the ultimate bullying job. mayor rahm emmanuel should be ashamed of himself. >> r
of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its terrestrial and space assets in response to a conflict situation. last year those games concluded, as they have several times in the past, that dod relies on commercial satellite companies -- their reliance is considerable and that a crisis is the wrong time to try to establish clear lines of communication with your major partners and suppliers. i suspect the same conclusion can be safely applied to the topics that we're discussing today. while governments were first to send satellites to near-earth space, commercial enterprise will be the primary use of the orbital arc in the 21st century. government and space operators need to take a more collaborative
. hagan: thank you, mr. president. this amendment establishes a deficit -- the presiding officer: the senate will be in order. mrs. hagan: mr. president? the presiding officer: the senator from north carolina. mrs. hagan: this amendment establishes a deficit-neutral reserve fund for families of service members and veterans. my home state has the third largest military footprint in the nation. one out of every three people is in the military, a veteran or related to a service member or veteran, and we are proud that we make military families welcome in north carolina because supporting military families is one of the best ways that we can support our troops. this amendment is deficit neutral. it will not add one penny to our deficit. it helps to create room in the budget for legislation to help military families in areas ranging from health care to housing and from education to job placement while their loved ones are serving our country away from home. a vote for this amendment is a vote for our military families, for the sons, daughters, husbands, wives and families who sacrific
Search Results 0 to 30 of about 31